J-U Rig 200 Partnership 1993, L.P., Dallas, TX, was formed to acquire a group of jack-up oil drilling rigs operated by the Huthnance Division of W.R. Grace & Co. in the Gulf of Mexico. Northwood invested in this buyout in 1993. The company was sold in 1994 for cash to Falcon Drilling, Inc, which subsequently merged with Transocean Sedco Forex Inc.

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